VATupdate Newsletter Week 01 2020

Below you will find all items we published in the past week.

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• Amendments of the law to implement Quick Fixes

• Legislation approved to implement EU four VAT “quick fixes” into law

• A new version of the EU Combined Nomenclature
• Council Directive 2019/2235 of 16 December 2019 on VAT exemption related to defence efforts within the Union framework
• EU VAT Directive 2006/112/EU as effective Jan 1, 2020
• Europe VAT rate changes as of Jan 1, 2020 (Status Jan 2, 2020)
• European Parliament – Report – Administrative cooperation – VAT fraud
• European Parliament – Report – Introducing certain requirements for payment service providers
• European Parliament – Report – Special scheme for small enterprises – Exchange of information
• New e-commerce package for supply of goods as from 1 of January 2021 to ensure taxation in country of destination – “commissionaire…
• The road to the new definite VAT system: Quick Fixes

• Changes to E-commerce transaction applicable as of 2021 already implemented in French law
• Finance act for 2020 on e-invoicing implementation
• Implementation of the Quick Fix on Call-Off Stock arrangements and Chain transactions
• Recommendation not to withdraw the requirement of non-EU businesses with a French VAT registration to appoint a Fiscal Representative

• Changes Concerning VAT as of 1. January 2020 – “Quick Fixes”
• Two million kilometers of pointless cash receipts

• VAT exemptions for electric, hydrogen, and hybrid vehicles and charging stations on residential property

• Italy Gazettes 2020 Budget Law which is abolishing a scheduled VAT increase for 2020

• Law on the implementation of the Quick Fixes published
• Possible delay granting VAT IDs to startups in January
• Prepayments to fitness center can be linked to future activities so output VAT is due
• Tax authorities will tighten up supervision of large companies
• VAT exemption for staff lending by healthcare institution

• From January 1, 2020, you will pay VAT on a tax micro-account
• Further reduction of the VAT gap through e-receipts, e-invoicing, ….?
• New matrix of VAT rates applicable as of April 1, 2020
• Since 1 January 2020, one bank account for PIT, CIT and VAT payments
• Taxpayer can choose whether he applies quick fixes or the Polish law

• Law Proposal Quick Fixes

• Canary Islands – VAT rate increase to 7% and 15% for luxury products
• Spain poised to enact digital services tax despite US threats of retaliation

• VAT on furniture has been slashed from 18 percent to 8 percent

• Changes to VAT for intra-EU chain transactions and zero-rated goods
• New Year – New VAT Rules for Call Off Stock
• Upper Tribunal rules that e-newspapers should be zero rated for VAT

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• NBR releases Public Clarification on Proportional Deduction Ratio for Input VAT

• 2020 budget and indirect tax proposals: No introduction of VAT in Oman
• Ministry of Finance official has confirmed that there will be no VAT launch this year
• Oman committed to the introduction of VAT and preparations continue to get the VAT legislation approved and published during 2020
• Oman will not impose VAT in 2020

• VAT Guideline for Real Estate Investment and Financing

• Input Tax Apportionment: Special Methods

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• Hawaii and Pennsylvania will impose the Wayfair-rule on out-of-state sellers. Hawaii, Illinois, Michigan, and Wisconsin require…
• State and local tax, technology-related guidance (table, fourth quarter 2019)

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